Bitcoin consolidates with a still bullish bias
|S&P 500 had no fear before or after BoJ – no stunning the markets with 50bp hike, and in today‘s extensive video I‘m laying out what were the decisive advance clues for me, and how the premarket fits into the picture. Get ready for yields, USD, markets breadth and gold, silver with oil analysis as Bitcoin consolidates with a still bullish bias – where does this leave industrials, financials and interest rate sensitive sectors trading today in light of Trump‘s Davos declarations regarding too high rates worldwide and wish to see more oil production (meaning lower prices)?
Clients swing and intraday have benefited mightily from the fresh bullish S&P 500 calls driven by so many factors discussed. Also Ellin‘s crypto calls worked out fine.
Let‘s dive into the two most important charts that I‘m diving into in today‘s video. The implications for risk taking prospects are stark, so do review the analysis together with more market breadth and gold insights. Pay attention to premarket earnings beyond XLF. So much to profit on really.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.